S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10

PBF Energy (NYSE:PBF) PT Raised to $14.00 at The Goldman Sachs Group

Thursday, October 14, 2021 | MarketBeat

PBF Energy (NYSE:PBF) had its target price raised by analysts at The Goldman Sachs Group from $12.00 to $14.00 in a report issued on Thursday, The Fly reports. The firm currently has a "neutral" rating on the oil and gas company's stock. The Goldman Sachs Group's price target would suggest a potential downside of 8.50% from the stock's previous close.

PBF has been the topic of several other research reports. Credit Suisse Group lowered PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, July 27th. Wolfe Research lowered PBF Energy from a "peer perform" rating to an "underperform" rating and set a $10.00 price objective on the stock. in a report on Wednesday, July 14th. Morgan Stanley started coverage on shares of PBF Energy in a research note on Tuesday, September 7th. They set an "equal weight" rating and a $12.00 target price for the company. Barclays increased their target price on shares of PBF Energy from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Friday, October 8th. Finally, Wells Fargo & Company downgraded shares of PBF Energy from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $10.50 to $8.00 in a research note on Thursday, August 12th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.20.

NYSE:PBF traded up $0.52 during trading hours on Thursday, hitting $15.30. The company's stock had a trading volume of 15,950 shares, compared to its average volume of 4,663,094. The stock has a market capitalization of $1.84 billion, a P/E ratio of -2.59 and a beta of 2.98. The stock has a fifty day moving average of $10.80 and a 200-day moving average of $13.01. The company has a current ratio of 1.40, a quick ratio of 0.70 and a debt-to-equity ratio of 2.09. PBF Energy has a 52-week low of $4.06 and a 52-week high of $18.78.

PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 29th. The oil and gas company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.23). The business had revenue of $6.90 billion during the quarter, compared to analysts' expectations of $6 billion. PBF Energy had a negative net margin of 3.70% and a negative return on equity of 59.77%. On average, sell-side analysts forecast that PBF Energy will post -5.15 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of PBF Energy during the 2nd quarter worth approximately $31,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of PBF Energy during the 2nd quarter worth approximately $33,000. regents capital Ltd purchased a new position in shares of PBF Energy during the 1st quarter worth approximately $34,000. Captrust Financial Advisors increased its stake in shares of PBF Energy by 86.5% during the 1st quarter. Captrust Financial Advisors now owns 3,833 shares of the oil and gas company's stock worth $54,000 after purchasing an additional 1,778 shares in the last quarter. Finally, FMR LLC increased its stake in shares of PBF Energy by 136.7% during the 2nd quarter. FMR LLC now owns 4,861 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 2,807 shares in the last quarter. 68.47% of the stock is owned by institutional investors and hedge funds.

About PBF Energy

PBF Energy, Inc engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products.

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Analyst Recommendations for PBF Energy (NYSE:PBF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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